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| Hardie, Ian W.; Nickerson, Cynthia J.. |
| Profit-maximizing land developers are hypothesized to configure subdivisions to minimize the effects of a conservation regulation on developed land values, subject to their expectations about the demand for developed building lots. This hypothesis allows development of a hedonic price model that takes account of production adjustments. The model is applied to the Maryland Forest Conservation Act, which requires developers to retain or plant trees on part of the developed land. Being exempt from the Act allows developers to gain more for the subdivisions they develop: the cost to regulated developers is about six percent of the per-acre price of developed land. The Act has significantly lowered per-acre developed land values in subdivisions with a... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Resource /Energy Economics and Policy. |
| Ano: 2003 |
URL: http://purl.umn.edu/28575 |
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| Scodari, Paul F.; Hardie, Ian W.. |
| This paper examines the acquisition of wood stoves by New Hampshire households through use of a utility-maximizing discrete choice model. The analysis is based on the hypothesis that wood stoves are acquired to decrease the monetary costs of home-heating. Operating costs associated with heating with conventional fuel burning capital and with a combination of conventional and wood stove heating capital are estimated. These operating costs are used to estimate probabilities of 1979 wood stove acquisition for particular types of New Hampshire households. |
| Tipo: Journal Article |
Palavras-chave: Resource /Energy Economics and Policy. |
| Ano: 1985 |
URL: http://purl.umn.edu/28935 |
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| Lynch, Lori; Hardie, Ian W.; Parker, Douglas D.. |
| Many watershed organizations have prioritized establishing streamside (riparian) buffers on agricultural land to improve water quality. Using data from a 2000 survey of 500 Maryland landowners, we examine what level of financial incentives they would require to install such buffers for 15 years on a voluntary basis. A random utility model is developed where a landowner is willing to accept the offered contract if he or she receives a higher utility from the incentive payment and buffer installation than from not planting the buffer. Given the development pressure in the Washington D.C./Baltimore corridor, we test whether farmers need more than the agricultural opportunity costs to encumber their land. Higher incentive payments, part-time farming,... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Environmental Economics and Policy; Land Economics/Use. |
| Ano: 2002 |
URL: http://purl.umn.edu/28570 |
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| Hardie, Ian W.. |
| This study compares equivalent annual rents for two alternative land uses in a region where farming and timber plantations coexist. The comparison is motivated by the possibility that rising timber prices may stimulate timber processors to compete for farmland. Prices, costs, and market rents are assumed to first follow existing trends and then to reach steady state values. Market rents are projected and capitalized for agriculture. Internal soil rents are capitalized for timber. The results show timber to have a comparative advantage on high fertility sites and suggest that timber might become a competitive land use at the intensive margin of the region's farmland base. |
| Tipo: Journal Article |
Palavras-chave: Land Economics/Use. |
| Ano: 1984 |
URL: http://purl.umn.edu/29724 |
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